News Release: Lilly Increases Manufacturing Investment to $9 Billion at Newest Indiana Site to Boost API Production for Tirzepatide and Pipeline Medicines
News Release May 24, 2024 Largest investment in active pharmaceutical ingredient manufacturing of synthetic medicines in U.S. history Since 2020, the company has committed more than $18 billion to build, upgrade and acquire facilities in the U.S. and Europe INDIANAPOLIS, May 24, 2024 /PRNewswire/ — Eli Lilly and Company (NYSE: LLY) announced today that it […]
Life Sciences: Bouncing back from the ‘bullwhip effect’
Overreaction to demand led to LSRE oversupply, Revista webcast speaker says NATIONAL – It’s not often that bullwhips come up in daily conversation. Thankfully, the days of whipping animals and people are long past – hopefully. But the physics involved in cracking a whip can help explain the state of the life sciences real estate […]
Life Sciences: Breakthrough Properties to Welcome Three Mission-Driven Biotech Companies to One Canal Development in the Heart of Cambridge
NEWS PROVIDED BY Breakthrough Properties May 22, 2024, 10:54 ET Leases with Deep Genomics, Larkspur Biosciences and Incendia Therapeutics Executed Upon Substantial Construction Completion, Anchoring Breakthrough’s East Cambridge Waterfront Building BOSTON, May 22, 2024 /PRNewswire/ — Breakthrough Properties, a leading global developer, owner, and operator of life sciences real estate, today announced it has secured […]
News Release: Longfellow Delivers Major Upgrades At San Mateo Science Center
San Mateo, CA (May 21, 2024) – Longfellow Real Estate Partners, one of the largest privately owned investors and developers of life science real estate, reaffirmed its support of the life science industry throughout the Bay Area and Peninsula region with the delivery of its San Mateo Science Center campus. Acquired by Longfellow in 2021, […]
Life Sciences: Lyra Therapeutics Announces Cost-Cutting Measures To Preserve Capital
WATERTOWN, Mass., May 21, 2024 (GLOBE NEWSWIRE) — Lyra Therapeutics, Inc. (Nasdaq: LYRA) (“Lyra” or the “Company”), today announced that it is advancing its goal to preserve capital by implementing a layoff of approximately 75% of its workforce, in addition to other cost-cutting measures. In the near term, Lyra Therapeutics will focus on the two […]
News Release: Maugel DeStefano Architects Designs 50,000 SF Medical Office Building for Boston Development Group
Maugel DeStefano Architects, an award-winning architectural firm that shapes exceptional designs for healthcare, labs, biotech, industrial, multifamily, commercial, and custom residential homes across the Northeastern United States, announced the firm has designed a new medical office building in Needham, Mass for Boston Development Group. The site at 629-661 Highland Avenue will feature a modern […]
Life Sciences: MCB Announces New Vision For VIVA White Oak™
BALTIMORE, MARYLAND – MCB Real Estate today announced today that it will lead the development for VIVA White Oak, a long-awaited development project in Eastern Montgomery County, Maryland. “My partners and I are thrilled to start work on building this vibrant new project,” said P. David Bramble, managing partner at MCB Real Estate. “At MCB, […]
News Release: Construction Industry Leader Daniel Maldonado Joins Unispace Life Sciences as Managing Director for the Americas
NEW YORK, N.Y. – May 14, 2024 – Unispace Life Sciences, a leader in designing and building laboratories and other facilities for the world’s top life sciences companies, today announced the appointment of Daniel Maldonado as Managing Director, Americas. In this role, Maldonado will leverage his three decades of international experience in the construction industry […]
News Release: JLL tapped to lead repositioning of former AT&T campus in Bedminster, New Jersey
News release With approval for up to 2M-SF of development, focus is on transforming historic corporate site into next generation life science, speciality manufacturing hub BEDMINSTER, N.J., May 13, 2024 – JLL announced today that it has been retained by MetLife Investment Management to lead the repositioning of its 197-acre office campus at 900 Rt. […]
News Release: Longfellow Real Estate Partners and Wates Execute Construction Contract and Begins Immediate Construction on CamLIFE in Cambridge (U.K.)
Longfellow is set to deliver state-of-the-art facilities and high-quality lab space in Cambridge (U.K.) as soon as Mid-2025 Cambridge, UK (May 8, 2024) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings, announced today they have signed a fixed price contract to reposition their CamLIFE campus, with the […]
News Release: Berkadia Adds Investment Sales Advisor to Medical & Life Sciences Platform
DALLAS, TEXAS – May 8, 2024 – Berkadia announced today the addition of Senior Director Vasili Davos to Berkadia’s Medical & Life Sciences platform. Davos will be based in the Dallas, Texas office and report to SVP – Co-Head of Investment Sales and Production Operations Mike Miner. “Vasili’s expertise will complement Berkadia’s industry-leading Medical & […]
News Release: Sila Realty Trust, Inc. First Quarter 2024 Results
TAMPA, Fla., May 8, 2024–(BUSINESS WIRE)– Sila Realty Trust, Inc. today announced operating results for the first quarter ended March 31, 2024. All per share data has been retroactively adjusted to reflect the one-for-four reverse stock split which occurred on May 1, 2024. Highlights of the Quarter Ended March 31, 2024 vs. March 31, 2023 […]
News Release: Longfellow Real Estate Partners and Wates Execute Construction Contract and Begins Immediate Construction on CamLIFE in Cambridge
Longfellow is set to deliver state-of-the-art facilities and high-quality lab space in Cambridge as soon as Mid-2025 Cambridge, UK (May 8, 2024) – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings, announced today they have signed a fixed price contract to reposition their CamLIFE campus, with the UK’s […]
News Release: Healthpeak Properties Announces Joint Venture Wind-Down
May 07, 2024 04:15 PM Eastern Daylight Time DENVER–(BUSINESS WIRE)–Healthpeak Properties, Inc. (NYSE: DOC) (“Healthpeak”) and King Street Properties (“KSP”) today announced that Healthpeak has acquired KSP’s minority interest in the joint ventures in eight lab buildings in Cambridge and Lexington, Massachusetts. Healthpeak will assume day-to-day management of the buildings following a short-term transition period. […]
News Release: The RMR Group Announces Completion of Unison Elliott Bay Redevelopment
Revitalized Mixed-Use Campus Delivers 300,000 Square Feet of Life Science Lab, R&D and Class A Office in Seattle, WA Campus Design Focuses on Wellness Amenities and Connection to Surrounding Nature April 30, 2024 08:00 AM Eastern Daylight Time SEATTLE–(BUSINESS WIRE)–The RMR Group (Nasdaq: RMR) today announced the completion of Unison Elliott Bay (Unison), a three […]